SunSirs: China PVC Spot Prices Fluctuated Last Week (June 19-25)

According to the monitoring of the Commodity Market Analysis System of SunSirs, the spot price of PVC carbide SG5 fluctuated last week. As of now, the average price of PVC in China last week is 5,564 RMB/ton, which is the same as the average price on Monday.

The price of PVC in the domestic Spot market fluctuated last week. At present, the trading atmosphere in the market is light, and downstream purchasing sentiment is not high. The market situation is not warm or hot, and actual transactions are cautious and more wait-and-see. As of now, the quotation range for PVC5 carbide materials in China is mostly around 5,330-6,170 RMB/ton.

In terms of crude oil, international crude oil futures closed lower on June 23rd. The settlement price of the main contract for WTI crude oil futures in the United States was $69.16/barrel, a decrease of $0.35 or 0.5%. The settlement price of the main contract for Brent crude oil futures was $73.85 per barrel, a decrease of $0.29 or 0.4%.

In terms of calcium carbide, according to data monitored by SunSirs, the factory price of calcium carbide in the northwest region has temporarily stabilized last week. At present, the average ex factory price of mainstream calcium carbide manufacturers in northwest China is 2900 RMB/ton. Upstream orchid charcoal prices have stabilized at a low level, with average cost support. Downstream PVC market is weak, and demand for calcium carbide has weakened.

SunSirs PVC analysts believe that PVC spot prices have fluctuated last week. At present, the ex factory price of calcium carbide is temporarily stable. On June 23, international crude oil futures closed down, with weak cost support. At present, the demand for PVC spot goods in the market is weak, and downstream and traders are mostly cautious and watching, resulting in a light market situation. It is expected that the PVC market will temporarily stabilize its consolidation and operation in the short term, and closely monitor changes in the news.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.